Transactions & Dealings >> Interest & Insurance

Question ID: 23755Country: India

Title: I have some money in Bank.Please clarify whether I can pay Income tax to the Govt.from the intrest earned on the said money,If not ,then what to do with that money ?.I do not want to leave it to Bank.I pay zakat as per sharia.

Question: I have some money in Bank.Please clarify whether I can pay Income tax to the Govt.from the intrest earned on the said money,If not ,then what to do with that money ?.I do not want to leave it to Bank.I pay zakat as per sharia.

Answer ID: 23755Posted on: Aug 31, 2020

Bismillah hir-Rahman nir-Rahim !

(Fatwa: 1068/815/L=1431)

Interest money received from bank should be given in charity to poor and needy ones without the intention of reward. It is allowed to pay income tax with interest amount.

Allah (Subhana Wa Ta'ala) knows Best

Darul Ifta,

Darul Uloom Deoband, India

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Title: I have some money in Bank.Please clarify whether I can pay Income tax to the Govt.from the intrest earned on the said money,If not ,then what to do with that money ?.I do not want to leave it to Bank.I pay zakat as per sharia.

Question: I have some money in Bank.Please clarify whether I can pay Income tax to the Govt.from the intrest earned on the said money,If not ,then what to do with that money ?.I do not want to leave it to Bank.I pay zakat as per sharia.

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